Stock Market, 401K mess will impact even those without investments, expert says
ELIZABETHTOWN, KY (WAVE) - The uncertainty of the market continues for yet another week, after a terrible Monday on Wall Street.
"I was surprised at the market was down as much as it was yesterday," said Kevin Ryan with the Elizabethtown Edward Jones office.
The closing bell Monday sounded more like panic around the globe as many markets finished down. The mess spread around the world because many countries bought American debt bonds and panicked.
But with that old saying 'it's not all roses at the top' the bottom is actually looking up.
"The downgrade with the debt with the us bond market is creating some short term problems, but for a long term investor I believe it's really creating some really great buying opportunities in the stock market," Ryan said.
Ryan says the market is actually better off than when the recession hit hard.
"Corporate America probably looks better now than it has in a long time after all the mess we went through a couple of years ago, corporate America has gotten the message and they are leaner and meaner and probably more efficient."











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RT @: @ Hey Kevin, thanks for the follow bro. Much appreciated, I'm Ryan.



